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Hackers have hacked the decentralized OKX exchange
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Hackers have hacked the decentralized OKX exchange

Dec 13, 2023

The decentralized exchange (DEX) OKX has fallen victim to a hacker attack. Information about suspicious activity on wallets connected to this trading platform was noticed by members of the crypto community and spread through microblogs.

A user known by the nickname ENO reported a case of funds theft from OKX DEX wallets. He claims that representatives of the trading platform swiftly addressed the vulnerability associated with the compromised proxy address.

According to information from Chinese journalist Colin Wu, hackers managed to withdraw cryptocurrency worth $424,000 from the wallets of this cryptocurrency exchange. In his opinion, the perpetrators may have gained access to the assets using the stolen private key.

Screenshot of Colin Wu's message

Screenshot of Colin Wu's message

Analysts from the company SlowMist confirmed the hacking incident. According to their analysis, the attack could have been the result of an administrator's private key leak.

Representatives of the OKX exchange commented on the theft. They claim that $370,000 was stolen from 18 wallets. Presumably, the attackers used an abandoned market maker smart contract to gain access to the assets. The platform's team promises to compensate users for the stolen funds and has already initiated a security review to prevent similar incidents in the future.

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